Emirates Post launches NFT stamp to mark 50th UAE National Day

File Photo

The postal service will unveil four new stamps on December 2 which will have a digital twin on the blockchain and be sold as digital collectables linked to their physical counterpart.

‘NFTs’ or Non-Fungible Tokens are a unique and non-interchangeable unit of data stored on a digital ledger.

The integration with blockchain is in line with Emirates Post’s goal of transforming into a more digital-centred company, says Abdulla Mohammed Al Ashram, Group CEO of the company.

“By introducing tradable NFT stamps, we are bridging the gap between traditional stamps and the world of digital cryptocurrency,” he added.

Each of the four NFT stamps carries a distinct design centred on the UAE national theme. The first one is a premium edition that contains one gram of fine gold titled the ‘Golden Jubilee 2021.’

The second stamp is called the ‘Spirit of the Union - 1971’, symbolising the establishment of the nation by the founding fathers, the third stamp is ‘Year of the 50th – 2021’ while the fourth design marks the ‘Projects of the 50th 2071’, representing the UAE’s vision.

Buyers will only get to see the digital design linked to the physical stamp after scanning the QR code printed on the front side of the card. The stamp contains a locked cryptographic NFC chip for verification using any smartphone with an NFC reader.

Each stamp includes a unique code hidden behind the card, which can be unlocked by scanning the QR code to activate the counterpart on the blockchain.

Users who already have a digital crypto wallet can connect it with the NFT or add the digital twin as a collectable.

The NFT stamps will be available for purchase at www.epgnft.ae starting from December 2, 2021.

More from Business